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35 million dollar NET liquidity from the initial public offering if they get approved. Yea that's a ways away. I'm seeing some quiet time between now and eoy that could allow some of us to get right side up before the Asia Pacific announcement. Confident 3A is running on empty. Not SURE. but I am confident. I feel the risk is substantially lowered with this Ticker especially in November. Watching for the cover
S-1 filings take a minimum of 16 weeks. Calm tf down. Stock will probably find some strength in November and early December. I doubt 3A has much ammo left to dump. If any.
If they get an investigational new drug approval from the FDA the stock would moonshot really. REALLY fast and hard. The problem is they have no money. An IND approval would be as good as gold and allow for them to raise equity at the peak of the hype. It's an OTC company though and these guys across the board have been killing commons lately. Everywhere you look another OTC is diluting. It's unreal. On the plus side, there is one guy on GSTC's staff that used to work for SRNE. Not sure what his credentials are or if he left on good terms. If he DID leave on good terms that would be good as it means they have an insider who can tap Sorrento or his former colleagues for help navigating the FDA. That is a hidden dagger that I feel could end up helping turn this around. Again, I don't know if the former SRNE staffer has any clout with Sorrento nor do I know what his credentials are. Either way, the cheaper this is the better the bargain might be.
As I said, non dilutive trading for a little bit. Some decent catalysts including the mother ship (Asia Pacific)- would not surprise me in the least if we got back to .06 before Dec 31st. Also wouldn't surprise me if we didn't. Either way, - whatevs.
Only thing that matters is they don't dilute for a while.
I smell an opportunity to dip buy finally. Cautiously optimistic that there will be two full months of non dilution trading here as well as an announcement to acquire Asia Pacific
Just saw GSTC get approved for their QB status which they applied for a month or so ago. And the sp stayed red all day before last second barely going green by .002% of course their going concern is much worse.
Remember when they announced an extension on the deadline to acquire Asia Pacific by Dec 31st 2021? Extended the maturity dates on the notes to the same date. Coincidence?
Soon to find out why the have elected to pay 120k on extensions. Beaten down plays like this are not always what they seem. Endurance makes gold. At least that's what my fortune cookie said last Saturday. *shrug. Not selling anything- I make no excuses, have no regrets, and remorse is not a word in my vocabulary.
As much as it sucks, dilution should be dying down between now and Dec 31st. Not saying it's gone but logic would suggest 3A is low on shares to dump. The SEC will need 16 weeks or more to approve their S-1, not real sure why they keep financing debt and then extending the maturity dates. There is a 120k minimum interest payment to extend the maturity dates. Why would they be ok with that if there wasn't something being planned that could be good? That's a chunk of change 120k.
Dec 31st they get a maturity date. Between now and then the stock has a chance to gain.... the answer to everyone's question is yes. This is a trash stock. Yes we have all been trapped. But we still have 3 months of trading here before we see another note mature. There is still some shares left to be dumped by 3A but not much between now and Dec 31st- give it a few weeks more. They won't get approved for NASDAQ anytime soon cause they're clowns but I say, no maturity on notes anytime soon. Plenty of time to get back right. If not, I will see you in 3 years.
You can always take a loss and sell, just remember when you do, you've just lowered someone else's cost basis who was smarter than you and didn't overextend. It may lower the pps because you went in heavy, like maritime when he sold.. but you don't know if the discount will trigger a reversal. Right now is the wrong time to sell imo. You should wait until mid to late December. Dec 31'st is the deadline here imo.
More like 12 million bro. Maybe 10
Only reason retail won't buy this stock is cause what they don't tell you is when you buy stock in UNQL, you are also buying stock in Trillium and 3A Capital. It isn't one company right now it is 3 companies. They are partners. The uplist could fix everything from the IPO proceeds. U can see they want to correct the stock. Extending maturity dates on loans etc. They have a plan so there is some light at the end of the tunnel in that regard. They know this is a mess, I believe Sunandan isn't happy about it.
Yeah flip side of that coin is that UNQL will NET repeat (NET) at bare minimum 35 million cash from the initial public offering. 41 million gross- Sounds to me like they want to get the monkey off their back (Trill and 3A) once and for all. But I've been proven wrong by thus management every single time I have given them the benefit of the doubt. My opinion is to hold. I will swing profits in and lower my cost after the IPO and selling dissolves.
Seems to me like the RS will happen as soon as the SEC approves their S-1. They have to pay interest on the notes as long as they remain unpaid
They should just change the ticker symbol to $TRILL. Cut right to the chase
That's the 25 mil shares EF Hutton was supposed to get for the uplist I thought
LMAO I know. It was a stupid idea, I stopped when I realized I was just being a sore loser. Now I'm more focused on waiting for dilution to finish so I can average down yet AGAIN. the silver lining is the longer it takes the more time I have to make my money back elsewhere
NASDAQ might be good for them. It's rare but sometimes these reversals work out. If they are serious about being listed they could succeed on NASDAQ. Under the current management I doubt it though. From where I'm sitting it looks like management is corrupt and betting against their own stock with a 3rd party. I don't have proof so I can't really do anything about it with the SEC. I logged in once to report them for suspected securities fraud but without any concrete proof it's pointless. They are in cahoots with 3A and Trillium though. That's pretty much the rub. They make it look like they're financing debt but they're passing money back to UNQL they've got to be. Why else would UNQL just constantly dilute unless they were getting kickbacks?
UNQL could make a LOT more money if they wrote and published a book titled "How to mismanage your public listing, and create fear, uncertainty, and doubt in your investors minds." #1 best seller. Garbage management
Really hope this uplist goes through. It's a garbage investment either way but an uplist and RS will make this position much much easier to manage. I'm holding all of my shares long here in spite of these trials and tribulations. The reasons are simple, the company makes a profit. They are transparent (PAINFULLY TRANSPARENT) in filings. They are diligent in reporting. They don't saturate press with fluff and false promises. Also, they are growth oriented and will soon have loads of cash from an IPO should they get approved for NASDAQ. If they don't, they aren't going bankrupt any time soon that I can see. Their company has been around since the 80's. So even if the sp dips it will eventually find a bottom. Holding long will allow me to average down at the abyss and be around for any recovery. Selling for a loss has never served me well as all of my investments eventually find running room after I'm gone. Meantime I will explore big board options to enhance my portfolio while this one plays out. I wish you all the best of luck!!
I have seen plenty of companies address shareholders with plans of an up list and not mention a Reverse split as the primary means to which they will get there. When they talk about it, they do so in a shareholder update and skate around RS without ruling it out. Which leaves room for speculative buying to prop the stock up in the meantime as the investment community tries to digest the different ways organically PPS might rise. UNQL doesn't employ this strategy because, as you can see, they are adept at raw dogging the common shareholder and nothing more. If they up list, I am confident a guiness world record for the fastest delisting of any company every to get approved for NASDAQ will follow. Of course, If I am wrong- that will be a welcome surprise as well. I saw AMPG go on a huge run after their RS before a shelf offering pulled it down. The vast majority of these reversals are just purely for the companies benefit. They are looking for a payday courtesy of the IPO to pay the bill for Asia Pacific and that's all they are doing. They will have some buzzworthy press coming before Dec 31st. No doubt about that, may even get a spike up that nobody saw coming but it won't last. The only silver lining is with the reduced share count and new class of potential investors, will be much easier to navigate the daily volume with an entry or exit strategy. Currently I hold more shares than our daily volume on some days.
Most companies will talk about plans to uplist and usually they will leave the part about RS out the disclosure to allow room for speculative buying to come in before they yank the carpet out. But not UNQL. They don't even give u the courtesy of a reach around they just come right out and blurt REVERSE SPLIT!!! Bunch of rodeo clowns running the show over there.
Hopefully they get approved for the uplist and RS goes through. At least that way we have a chance at options trading where common shareholders can FINALLY make some money back buying put options.
I prefer an RS tbh.
U shouldn't act or trade on your emotions. That being said, I have limited experience with companies that apply to uplist relative to what the SEC uses as criteria to disapprove or approve. Given this companies track record in deteriorating market value. Wouldn't the SEC be obligated to disapprove their submission? Seems like all they intend to do is rake investors over the coals. If they fail to get approval then you've got a dip buy opportunity imo on all these traders dumping from the emotional havok.
Still no pricing available on the RS, the only silver lining I can see is that they will acquire Asia Pacific Holdings as was promised from the proceeds following uplist. Could be a good RS but most likely won't be. The only way this doesn't fail tremendously following the RS is if they can attract institutional buying power. And that ain't gonna happen because management's track record thus far is like a criminals rap sheet 20 inches thick with pages of dilution, notes, warrants, convertibles, incentives, and arbitrage.
Market is suchhhhh a bloodbath today. Arrrgh lool. Time to invest in marijuana stocks since it looks like everyone will be self medicating in the near future. :D $MRMD anyone?
I like the fact that we have Asia Pacific merger/acquisition on the itinerary before Dec 31st, and no maturity on the financed amount of 1 mil until Dec 31st also. This means apart from 3A's remaining shares (however many) The stock should trade free of dilution in the near future and stay that way once news of the merger hits until Dec 31st. Aside from any hidden variables or anomalies that are impossible to predict, there is a decent chance for a sustained recovery in share price given 3 months of relief from sell pressure. Furthermore, if they are somehow able to pay back that note in cash along with the extension fee of 150k (Which I seriously doubt they will do) but IF.... and that's a really BIG IF, they announce that the debt was redeemed for the cash option. Then you have a major short squeeze unfolding.
Such a waste of a potentially good public listing too, the way they have destroyed this companies market capital with greed, and toxic financing is extraordinary..... But they say a seed grows in total darkness. A diamond is formed under pressure, and these bags are heavy as hell.
I can confirm that. Just saw their tweet!
Maybe the exchange agreement with 3A is on it's last few tranches. If we get relief for any longer than a week there could be nice change of sentiment from retail that would lead to gains.
Growing pains, that's all it hopefully is. There's early and then there's really early. And then there's this, pretty much a fetus
Hot garbage
Either way, an agreement to extend this note along with the exact same date which they announced would be the deadline to acquire Asia Pacific. Obviously these two parties both already know the deal is going to happen. Now we just sit back and watch this puppy rehabilitate itself? MAYBE. I am speculating here and I could very well be wrong. But I hope not.
So.... Maybe we don't get any dilution throughout the rest of this year?? OoooOOooooOOoo * Fingers crossed.
This is still largely unknown- will go higher eventually
One thing is for sure, the OTC is about to get very interesting to say the least